SPDR FactSet Valuation
| XITK Etf | USD 168.53 3.80 2.21% |
At this time, the etf appears to be overvalued. SPDR FactSet Innovative has a current Real Value of $147.46 per share. The regular price of the etf is $168.53. Our model measures the value of SPDR FactSet Innovative from examining the etf fundamentals such as three year return of 2.90 %, and Price To Earning of 35.85 X as well as evaluating its technical indicators and probability of bankruptcy.
Overvalued
Today
Please note that SPDR FactSet's price fluctuation is very steady at this time. Calculation of the real value of SPDR FactSet Innovative is based on 3 months time horizon. Increasing SPDR FactSet's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
SPDR FactSet's intrinsic value may or may not be the same as its current market price of 168.53, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 168.53 | Real 147.46 | Hype 168.44 | Naive 180.68 |
The intrinsic value of SPDR FactSet's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence SPDR FactSet's stock price.
Estimating the potential upside or downside of SPDR FactSet Innovative helps investors to forecast how SPDR etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of SPDR FactSet more accurately as focusing exclusively on SPDR FactSet's fundamentals will not take into account other important factors: About SPDR FactSet Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of SPDR FactSet Innovative. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of SPDR FactSet Innovative based exclusively on its fundamental and basic technical indicators. By analyzing SPDR FactSet's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of SPDR FactSet's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of SPDR FactSet. We calculate exposure to SPDR FactSet's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of SPDR FactSet's related companies.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. Factset Innovative is traded on NYSEARCA Exchange in the United States.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in SPDR FactSet Innovative. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of SPDR FactSet Innovative is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR FactSet's value that differs from its market value or its book value, called intrinsic value, which is SPDR FactSet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR FactSet's market value can be influenced by many factors that don't directly affect SPDR FactSet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR FactSet's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR FactSet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR FactSet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.